Tuesday, February 15, 2011

Week #6-Challenge Making Budget Cuts


Today in the Sacramento Bee there is an article which speaks of the price of cotton, leather, copper, polyester and other items that have reached record high prices. As we all know, if the prices go up for the manufacturer it is only a matter of time before the cost increases are passed along to us. This article states that items such as cold cuts, shoes, clothes, etc are expected to increase up to 20% by the fall season. This is crazy in our economy today.

So we shall battle back! Our Challenge for Week #6 is to cut your grocery budget by 10%. I know this seems difficult, but it can and must be done! Here are a few tips to help you achieve this goal.

1. Set a goal for your new budget. Look in your cabinets and find items, that you REALLY do not need to purchase monthly. Be real about it, do you really need 3 types of popcorn?(Kettle, homestyle, movie theatre butter). Eliminate a few of your want items from your grocery list. We all need to make sacrifices. Have your hubby and children make a sacrifice as well.

2. Make a shopping list prior to entering the grocery store. You can go to http://www.allrecipes.com/ and pick menu items and it will create a grocery list for you to print.
3. Use coupons! Last year I registered at http://www.coupons.com/ and they send me weekly coupons. I save approximately $5 to $7 dollars per shopping trip. One caution, do not use coupons to try NEW items. Only clip the coupons for items that you already use and have a need to purchase.

4. Price compare before you buy. Sometimes the bigger, "on-sale" item is not the better buy. Check the price per oz, and make sure you are getting a great deal. This number is located on the price tag in the store.

5. Take cash to the grocery store. If you only have a certain about to spend, you will not overspend or "splurge" on unwanted items.

If you have further grocery savings tips, please post!

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